Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

UAE Central Bank to launch FinTech coordination authority in a few months

'FinTech Office' aims for a UAE-approved regulatory framework, says central bank governor

Saudi to levy new airport tax from 2020 – reports

The new charge will be imposed on passengers travelling on domestic routes

Canadian in Dubai Arrested for Fraud, Including Crypto Fraud via Habibi Coin, the “Bitcoin of the Middle East”

Mirza, who maintained a following of 800 000 on Instagram, also touted a scheme called the “Leverage Program” (LP).

How visa reforms boost UAE economy

Initiatives give opportunities to entrepreneurs, companies to maximise their potential, in turn further propping up nation

Bahrain set to vote on pension law amendments under Islamic Banking rules

Laws would allow workers to replace their pension benefits with cash under Islamic banking rules

Maples Awarded for Groundbreaking Deal at IFLR Middle East Awards

Maples and Calder advised on a total of 7 deals which were nominated for this year’s awards

UAE takes leadership role in digital transformation

This, he said, is usually in the form of forward-facing initiatives such as the Dubai Innovation Strategy, the Dubai AI strategy and the Dubai Blockchain Strategy.

EPRI partners on AI, blockchain and cybersecurity R&D in the Gulf

Through our collaboration with EPRI, we expect good progress both in the research itself and in integrating our efforts with other leaders in the sector.

Dubai is facing a real estate paradox that has the industry divided

The bright side to this trend, however, is the well-known fact that a flat property market is almost always a buyers' market and Dubai is no exception.

Dentons advises on second green corporate sukuk issuance in the Middle East

This was the second green sukuk issuance by Majid Al Futtaim, who intend to use the proceeds to back environmentally-friendly projects in areas such as renewable energy and sustainable water management.

How DIFC’s new savings scheme is evolving as it nears roll-out on January 1

Details of the plan’s fees and how it will work are emerging, but questions and concerns about implementation remain

Sharia law and the applicable inheritance rules

These are the trends that have led particularly to women seeking our assistance and expertise.

Breaking foreign exchange peg could be ruinous for Lebanon

High levels of US dollar denominated debt, which makes up nearly half of Lebanon's total liabilities, is one reason why a devaluation could be more painful.

Dubai Police Arrest “Middle East Bitcoin” or Habibi Coin Founder for Defrauding Millions from Investors

Dubai-based entrepreneur faces legal troubles due to Habibi Coin, or the 'bitcoin of the Middle East', due to defrauding investors worth millions of dollars for promising financial freedom through his International Success Group.

GCC rate cuts: UAE residents will now be able borrow money for lower rates

Lower policy rates unlikely to lift private sector loan demand

President Kenyatta courts Arab investors to invest in Kenya

President Kenyatta urged Middle East investors not to be deterred by negative media stories that try to depict Africa in negative light while ignoring the growth and prosperity of the continent.

ICD to subscribe Emirates NBD rights issue

Bank to raise Dh6.45 billion through rights offering

Saudi Arabia's new bankruptcy law faces key test in the courts

A lack of modern bankruptcy regulations had created difficulties for struggling firms seeking to restructure debt with creditors since the 2009 global financial crisis and the more recent dip in oil prices.

Xpress Money Expands Operations in China With Geoswift

Enables real-time bank transfers to UnionPay card account holders across 14 banks

UAE’s tax authority urges tax registration for new excise duties

Failure to register companies and stocks of taxable items to result in hefty fines in UAE

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